The platinum market initially made a downside breakout overnight and briefly dropped to the lowest price levels since August 25th. The platinum market apparently found little support from statements at a metals conference that Platinum ETF's have provided a significant additional demand base for platinum over the last several years. After expectations of a labor settlement in South Africa over the last two weeks, some traders feel that those discussions may have been unsuccessful with resolving that situation. The Swiss bank UBS announced that a rogue trader might have lost up to $2 billion through unauthorized trading, which may help to increase investment platinum demand for the Euro zone.